COUNTRY •
CANADA
Last Update: 27 Jun 2022 8:15 GMT+0
The Canada 10Y Government Bond has a 3.333% yield.
10 Years vs 2 Years bond spread is 19.9 bp. Yield Curve is flat in Long-Term vs Short-Term Maturities.
Central Bank Rate is 1.50% (last modification in June 2022).
The Canada credit rating is AAA, according to Standard & Poor's agency.
Current 5-Years Credit Default Swap quotation is 33.30 and implied probability of default is 0.56%.
If data are not all visible, swipe table left
| Residual Maturity |
Yield | ZC Price | Last Change |
||||||
|---|---|---|---|---|---|---|---|---|---|
| Last | Chg 1M | Chg 6M | Last | Chg 1M | Chg 6M | ||||
| 1 month | 1.380% | +54.0 bp | +131.2 bp | 27 Jun | |||||
| 2 months | 1.790% | +68.0 bp | +169.4 bp | 27 Jun | |||||
| 3 months | 2.100% | +63.0 bp | +194.4 bp | 27 Jun | |||||
| 6 months | 2.600% | +61.0 bp | +222.5 bp | 27 Jun | |||||
| 1 year | 3.120% | +69.0 bp | +237.5 bp | 96.97 | -0.68 % | -2.31 % | 27 Jun | ||
| 2 years | 3.134% | +58.4 bp | +215.0 bp | 94.01 | -1.14 % | -4.13 % | 27 Jun | ||
| 3 years | 3.178% | +62.3 bp | +212.2 bp | 91.04 | -1.80 % | -6.05 % | 27 Jun | ||
| 4 years | 3.174% | +57.4 bp | +196.8 bp | 88.25 | -2.21 % | -7.42 % | 27 Jun | ||
| 5 years | 3.212% | +57.5 bp | +191.8 bp | 85.38 | -2.76 % | -8.95 % | 27 Jun | ||
| 7 years | 3.229% | +57.3 bp | +191.3 bp | 80.05 | -3.83 % | -12.27 % | 27 Jun | ||
| 10 years | 3.333% | +54.3 bp | +185.7 bp | 72.05 | -5.12 % | -16.58 % | 27 Jun | ||
| 20 years | 3.410% | +49.4 bp | +167.4 bp | 51.14 | -9.13 % | -27.85 % | 27 Jun | ||
| 30 years | 3.313% | +52.1 bp | +153.5 bp | 37.61 | -14.07 % | -36.19 % | 27 Jun | ||
Last Update: 27 Jun 2022 8:15 GMT+0
Canada Yield Curve Analysis
Normally, longer-duration interest rates are higher than short-duration. So, the yield curve normally slopes upward as duration increases.
For this reason, the spread (i.e. the yield difference) between a longer and a shorter bond should be positive.
If not, the yield curve can be flat or inverted.
The curve convexity is measured considering some key bond durations (usually 2 years and 10 years, but also other maturities).
The curve convexity is measured considering some key bond durations (usually 2 years and 10 years, but also other maturities).
If data are not all visible, swipe table left
| Residual Maturity |
Yield | Spread vs Bond | Spread vs Central Bank Rate (1.50%) |
|||||
|---|---|---|---|---|---|---|---|---|
| 3 months | 1 year | 2 years | 5 years | 10 years | ||||
| 30 years | 3.313% | 181.3 bp | ||||||
| 10 years | 3.333% | 183.3 bp | ||||||
| 5 years | 3.212% | 171.2 bp | ||||||
| 2 years | 3.134% | 163.4 bp | ||||||
| 1 year | 3.120% | 162.0 bp | ||||||
| 3 months | 2.100% | 60.0 bp | ||||||
Focusing on 2 years Government Bond:
If data are not all visible, swipe table left
| 2Y vs 1Y | 1.4 bp | Yield Curve is flat in Short-Term Maturities | ||
| 5Y vs 2Y | 7.8 bp | Yield Curve is flat in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | 19.9 bp | Yield Curve is flat in Long-Term vs Short-Term Maturities |
Readings that may interest you
Canada Credit Ratings
A credit rating is an assessment of the creditworthiness of a borrower (in general terms or with respect to a particular debt or financial obligation).
For a deeper analysis of credit ratings, click here
Canada Credit Ratings History
| Rating Agency | Rating | Outlook |
|---|---|---|
| Standard & Poor's |
AAA
|
- |
| Moody's Investors Service |
Aaa
|
- |
| Fitch Ratings |
AA+
|
- |
| DBRS |
AAA
|
- |
Canada Interest Rates
A bank rate is the interest rate at which a nation's central bank lends money to domestic banks, often in the form of very short-term loans.
| Interest Rates | Value | |
|---|---|---|
| Central Bank Rate | 1.50% |
Canada Credit Default Swaps
The term credit default swap (CDS) refers to a financial derivative that allows an investor to swap or offset their credit risk with that of another investor. To swap the risk of default, the lender buys a CDS from another investor who agrees to reimburse the lender in the case the borrower defaults.
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| Credit Default Swap | CDS Value | Var % 1W | Var % 1M | Var % 1Y | Implied PD(*) | |
|---|---|---|---|---|---|---|
| 5 Years CDS | 33.30 | +0.30 % | 0.00 % | -11.90 % | 0.56 % |
(*) Implied probability of default, calculated on the hypothesis of a 40% recovery rate.
Canada 10Y Bond Yield Spread
The Canada 10Y Government Bond has a 3.333% yield. Click on Spread value for the historical serie.
A positive spread, marked by
, means that the 10Y Bond Yield is higher than the corresponding foreign bond. Instead, a negative spread is marked by a green circle.
Click on the values in "Current Spread" column, for the historical series of the spread.
Click on the "Compare" button, for a report with the full comparison between the two countries, with all the available data.
If data are not all visible, swipe table left
| Canada 10Y vs | Current Spread | Chg 1M | Chg 6M | ||
|---|---|---|---|---|---|
| Japan 10Y | 310.5 bp | +53.8 bp | +168.7 bp | Compare | |
| Germany 10Y | 184.1 bp | +2.7 bp | +12.3 bp | Compare | |
| France 10Y | 131.1 bp | +1.5 bp | -4.0 bp | Compare | |
| United Kingdom 10Y | 96.2 bp | +9.6 bp | +40.9 bp | Compare | |
| Spain 10Y | 73.4 bp | +3.2 bp | -23.1 bp | Compare | |
| China 10Y | 48.2 bp | +44.2 bp | +183.3 bp | Compare | |
| United States 10Y | 17.3 bp | +12.6 bp | +17.6 bp | Compare | |
| Italy 10Y | -27.5 bp | -16.9 bp | -63.2 bp | Compare | |
| Australia 10Y | -44.8 bp | +1.1 bp | -33.0 bp | Compare | |
| India 10Y | -410.0 bp | +46.0 bp | +88.9 bp | Compare | |
| Russia 10Y | -535.7 bp | +136.3 bp | +158.2 bp | Compare | |
| Brazil 10Y | -933.5 bp | +30.8 bp | -11.7 bp | Compare |
Canada Government Bonds Prices
Price Simulation: bonds with a face value of 100, with different coupon rates. The highlighted column refers to the zero coupon bond.
Click on
for a forecast of the yield.
If data are not all visible, swipe table left
| Residual Maturity |
Yield | Bond Price - with different Coupon Rates | Fx | ||||||
|---|---|---|---|---|---|---|---|---|---|
| 0% | 1% | 3% | 5% | 7% | 9% | ||||
| 30 years | 3.313% | 37.61 | 56.44 | 94.11 | 131.77 | 169.43 | 207.09 | ||
| 20 years | 3.410% | 51.14 | 65.47 | 94.13 | 122.78 | 151.44 | 180.10 | ||
| 10 years | 3.333% | 72.05 | 80.43 | 97.21 | 113.98 | 130.76 | 147.53 | ||
| 7 years | 3.229% | 80.05 | 86.23 | 98.59 | 110.94 | 123.29 | 135.65 | ||
| 5 years | 3.212% | 85.38 | 89.93 | 99.03 | 108.14 | 117.24 | 126.35 | ||
| 4 years | 3.174% | 88.25 | 91.95 | 99.36 | 106.76 | 114.16 | 121.57 | ||
| 3 years | 3.178% | 91.04 | 93.86 | 99.50 | 105.14 | 110.77 | 116.41 | ||
| 2 years | 3.134% | 94.01 | 95.92 | 99.74 | 103.56 | 107.38 | 111.20 | ||
| 1 year | 3.120% | 96.97 | 97.94 | 99.88 | 101.82 | 103.76 | 105.70 | ||
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||